Easy HUD Software: Total Real Estate Closing Solution

Efficient HUD Settlement Statement System

• Enter information in comprehensive case data sections or directly on HUD-1, HUD-1A settlement statements. Program performs all calculations and completes HUD forms automatically.
• Built-in contact database stores commonly used parties so you don't have to type the same information repeatedly. All Easy HUD users at your firm can share the same contact database.
• Comprehensive City/County/School/Condominium/Sewer Tax Proration module - computes seller over/under paid amounts and transposes numbers to appropriate HUD-1 lines.
• Generates Lender Statement automatically that lists gross amount of loan, loan disbursed and itemized lender deductions.
• Save all HUD forms in PDF or Word doc format (letter or legal size) including HUD settlement statements and email, right from the program.
• Enter up to eight buyer names and eight seller names.
• Flexible addendum page. Add unlimited extra lines for 200/500/800/900/1000/1100/1200/1300 HUD Settlement Statement group.
• Auto calculate property transfer taxes (Line 1203 to 1205) charges on HUD-1 for over 40 jurisdictions (AK, AL, CA, CO, CT, DE, FL, GA, IA, IL, KS, KY, MA, ME, MN, NC, NE, NH, NJ, NV, NY, OK, RI, SC, SD, VA, VT, WI). Just select your jurisdiction and let Easy HUD do the computations based on sale/loan amounts. If your jurisdiction is not listed, call us and we will add it for you!
• Enter payoff information on HUD line 504/505 and compute total payoff amounts automatically.
• Comprehensive 201 initial deposit box accounts for initial deposit given to brokers, seller or to settlement agent.
• Prorate Line 901 interest charges automatically, once a funding date has been set. Set interest rate to accrue from the first of the month following closing or as of the last date of the closing month.
• All relevant line items have "NET" flag to indicate whether the lender is pre-disbursed.

Automated GFE-HUD Comparison Sheet

• Populate GFE-HUD comparison sheet (page 3 of HUD-1 or page 2 of HUD-1A Settlement Statement) automatically in accordance with the RESPA Final Rule.
• Simplified GFE view allows you to enter GFE amounts in the same order as shown on the GFE, simplifying GFE amount entries. You can even print GFE Worksheet for manual review.
• User simply selects tolerance groups for certain "non-fixed tolerance" charges, such as 1101 title charge and any POC amounts.
• Computes 10% tolerance, which is displayed if there is a tolerance violation.
• Any change made to HUD settlement statement charges will update the comparison sheet and tolerances computation automatically. This feature ensures that your GFE-HUD comparison sheet is always up-to-date as you make changes to HUD settlement statement.

Other Productivity Features

• Easy HUD is network ready. Your entire firm can open and save Easy HUD software files from a common folder location.
• Case Log: Automatic generation of master file log, listing all purchase/refinance files you create. As you save case files, entries are created and updated automatically in the Case Log. Print a Case Log for inventory tracking purposes or check tasks status of any file.
• Case Tasks: Track status of each file with a built-in checklist. Customize the checklist to meet your requirements. Track status of each task; assign tasks to other parties, set due dates or notes. Print tasks list.
• LinkedDocs: Assemble a list of all case related documents no matter where they are located on your computer. Print a centralized LinkedDocs list and open documents from a central location. Documents remain in the original location because LinkedDocs is just a list.
• Case Notes: A place to write all notes about the case. Case Notes are printable.
• Save partially filled in HUD-1 (purchase) or HUD-1A (refinance) as a template for different lenders and title companies. Then, start a new HUD file based on an existing template, thus minimizing the need to retype the same information again.
• Store frequently used payee and other information in your contact database to save time.
• Default printer and paper type settings. Set once and all documents print on your choice of printer and paper size.
• Built-in handy calculator for routine calculations.

Reduce Real Estate Closing Time up to 70%

Easy HUD is a modular system. You can start with a basic license and add modules according to your practice needs. A complete Easy HUD system is capable of automating every aspect of real estate closing. Just enter your file data once, and let Easy HUD:

• Generate HUD-1 or HUD-1A with the professional version.
• Generate closing documents such as letters, contracts, deeds, affidavits; with Real Estate Docs Module (over 200 closing forms are included).
• Balance closing, generate closing ledger and print checks with Ledger Module (view sample ledger and printed checks).
• Generate 1099-S substitute or exemption form with 1099-S Module. Optionally, enroll in our electronically filing service and file as you close for $10 per filing.
• Generate Buyer and Seller summary transaction sheet with Advanced Printing Module. Concise list of buyer and seller's transactions make it very easy to understand charges.
• Transfer closing ledger to the Easy Trust accounting software in one click, automating your trust account bookkeeping as well.

Real Estate Documents Module

If you prepare other closing forms (e.g. letters, contracts, deeds, affidavits), the Real Estate Documents module can provide unprecedented automation. No need to enter and track data in multiple places. With Real Estate Docs, over 200 real estate forms are included. You can customize any form and add unlimited number of your own forms.

• Generate forms from a common set of data automatically. Centralized data entry for buyer/seller/property/lender/pay-offs, etc. HUD and all other real estate documents are then available at one place. If any corrections are necessary, just make changes in one place and regenerate document.
• View merged documents on-screen with the data filled in exactly as they will print. Make any needed changes and print or e-mail.
• Customize forms or add new forms. No need for any other word processing, spell checker or PDF tools.
• Full integration with Easy HUD automates closings from start to finish.

Ledger Module

Eliminate manual calculations, balance closings, generate Real Estate Closing Ledger (or money in-out sheet) and print professional grade checks automatically.

• Date, amount, payee/payor and memo are filled in automatically with extracted information from purchase/refinance HUD forms.
• Adjusts for pre-disbursed items or earnest deposits held with brokers automatically.
• Split or combine checks as needed. Mark certain transactions as "wire."
• Change information after extracting transactions without affecting HUD forms.
• Print checks, with checks numbered automatically or manually.
• Print itemized ledger statement for closing with option to add buyer/seller authorizations.

1099-S Filing

• Virtually all required 1099-S information is available automatically from the HUD. No need to re-enter or re-type 1099-S information on separate forms.
• File 1099-S forms electronically as you close, using Easy Soft's 1099-S filing service, rather than waiting until year-end.
• Once you successfully submit 1099-S forms, the 1099-S Filing Service will immediately issue a confirmation number. All your IRS reporting requirements are complete.
• Print a log of previously submitted 1099-S forms for internal tracking.
• At year-end, our 1099-S Filing Service will file all your 1099-S forms with the IRS and mail official copies to the seller, for only $10 per filing.
• Print an exemption form if 1099-S submission is not required for a closing.

Advanced Printing Options Module

• Generate Buyer and Seller summary transaction sheets. A concise list of buyer and seller's transactions make it very easy to understand and cuts down on the need for your detailed explanations to clients.
• Print HUD settlement statement without total, print buyer or seller side only.
• Print a consolidated list of smart itemizations.

Easy HUD Minimizes Post-Closing Headache

Easy HUD brings efficiency to the entire residential real estate closing process and that includes minimizing your post-closing headaches. As a settlement agent, we understand that your job does not end at completion of closing and funds disbursement. We continue to provide technology driven efficiency to your post-closing activities wherever it makes sense. We offer following post-closing services:

Electronic 1099-S Reporting from Easy HUD

• File 1099-S forms as you close. Filing 1099-S form for closing which involves multiple sellers is just as easy.
• One-click submission from your Easy HUD software. You receive instant confirmation number.
• With all data validated in Easy HUD, you minimize IRS rejections for incomplete submissions and associated fines.
• Print a log of year-to-date submissions instantly.
• Avoid the need to mail your forms the sellers or the IRS. Our electronic service does it all for $10 per filing.
• Eliminate year-end frustration and crucial staff time. Aside from the time it takes to manually file 1099-S forms and prepare a report, a last minute discovery of missing or misplaced information can add to filing delays.
• Enrollment is free. There are no hidden fees.